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"EU creates a permanent stability mechanism to reinforce euro,” headlines El País. The Madrid daily explains that on 16 December the EU27 agreed a "mini-reform" of the Lisbon Treaty, which will now include a clear and concise text on the permanent stability mechanism. The initiative has been a “success” for Angela Merkel remarks El País, noting that the "European Central Bank has sent a signal to the markets by doubling its capital," from 5.7 to 10.7 billion euros. The newspaper hails what it believes to be “positive messages” coming after weeks of serious doubts and bitter controversy.
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